[Form 4] ONEOK INC /NEW/ Insider Trading Activity

Rhea-AI Filing Summary

ONEOK insider grant and holdings: Lyndon C. Taylor, Executive Vice President and Chief Legal Officer, was awarded 30,303 restricted stock units (RSU 2025-S) on 09/23/2025 under the issuer's Equity Incentive Plan. The report shows 30,303 shares of common stock beneficially owned following the award, held directly. Vesting is scheduled as follows: 20% on 09/23/2026, 30% on 09/23/2027, and 50% on 09/23/2028. During vesting, dividend equivalents will accrue and be paid in shares when units vest, with one share issued per vested restricted unit plus any dividend-equivalent shares.

Positive

• 30,303 RSUs awarded to Lyndon C. Taylor, creating equity-based alignment with shareholders
• Clear vesting schedule: 20% on 09/23/2026, 30% on 09/23/2027, 50% on 09/23/2028
• Dividend equivalents paid in shares, ensuring economic parity with common shareholders

Negative

• None.

Insights

Compensation Analyst

TL;DR: Executive awarded time-based RSUs with multi-year vesting to align long-term incentives with shareholders.

The 30,303 RSU award uses a staggered vesting schedule (20%/30%/50%) over three years, which is a standard structure to retain senior executives and link pay to multi-year performance or service. The explicit payment of dividend equivalents in shares preserves economic parity with common shareholders and slightly increases future issued shares at vesting. This disclosure is routine compensation reporting and does not provide operational metrics or financial guidance.

Corporate Governance Expert

TL;DR: Reported grant and ownership are standard Section 16 disclosures; no governance red flags are evident.

The Form 4 documents a direct beneficial ownership of 30,303 shares after the grant and specifies the Award under the company Equity Incentive Plan. The filing is timely and signed by an attorney-in-fact, meeting disclosure requirements. The vesting timetable and dividend-equivalent treatment are clearly stated, supporting transparency on executive compensation timing and potential share issuance upon vesting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Taylor Lyndon C

(Last) (First) (Middle)

100 WEST FIFTH STREET

(Street)

TULSA OK 74103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ONEOK INC /NEW/ [ OKE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RSU 2025-S	(1)	09/23/2025		A		30,303		(1)	(1)	Common Stock, par value $0.01	30,303	(1)	30,303	D

Explanation of Responses:

1. Restricted units awarded under the Issuer's Equity Incentive Plan. Twenty percent of the award will vest on 9/23/2026, thirty percent of the award will vest on 9/23/2027, and fifty percent of the award will vest on 9/23/2028. During the vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued. The award and credited dividend equivalents will be payable with one share of the Issuer's common stock for each vested restricted unit, including additional restricted units resulting from dividend equivalents.

Remarks:

Executive Vice President and Chief Legal Officer

	/s/ Patrick W. Cipolla, Attorney-in-Fact for Lyndon C. Taylor	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Lyndon C. Taylor receive according to the Form 4 for OKE?

The Form 4 reports an award of 30,303 restricted stock units (RSU 2025-S) granted on 09/23/2025.

How many shares does Lyndon C. Taylor beneficially own after the transaction?

The filing shows 30,303 shares of common stock beneficially owned following the reported transaction.

What is the vesting schedule for the RSUs in this Form 4?

Vesting is 20% on 09/23/2026, 30% on 09/23/2027, and 50% on 09/23/2028.

How are dividend equivalents handled for these restricted units?

Dividend equivalents will be credited during the vesting period and paid out in shares when the underlying units vest, with one share issued per vested restricted unit including dividend-equivalent shares.

What is Lyndon C. Taylor's role at ONEOK as stated in the filing?

The filing lists Lyndon C. Taylor as Executive Vice President and Chief Legal Officer.